The markets traded mixed during the midday with the Dow rising 13 points to 18,017 as median weekly earnings rose 2.7% in the first quarter. Nasdaq fell 23 points to 4,936.
On the upside
Tile Shop Holdings (Nasdaq: TTS) reported sharply higher first quarter earnings and revenue that topped analyst estimates and lifted its full year forecast.
Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI).
Shares of offshore drillers Noble (NYSE: EXK) and SeaDrill (NYSE: SDRL) climbed as crude oil prices rose.
On the downside
Capstone Turbine (Nasdaq: CPST) priced its public offering of 2.7 million common shares and warrants.
DA Davidson downgraded Calumet Specialty Products (Nasdaq: CLMT) from a Buy rating to an Underperform rating.
InVitae's (NYSE: NVTA) announcement that Medicare will reimburse the company a lower than expected $622.53 for its multi gene tests for hereditary breast cancer disorders sent shares of Myriad Genetics (Nasdaq: MYGN) tumbling.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 2,096. Bitcoin held steady at $426.
